Austin v. J. R. Watkins Company.

The appellant, W. H. Austin, and J. W. McAllister, entered into a contract with the J. R. Watkins Company which was indorsed on the back of a contract entered into between the Watkins Company and one Hayes who had agreed to handle the goods of the •company. The contract made by Austin and McAllister, in so far as is material to an understanding* of the issues raised, is as follows:

■ - ■ “In consideration of one dollar to us in hand paid by the J. R. Watkins Company, receipt whereof is hereby acknowledged, and the execution of the foregoing agreement, which we have read or heard read and…